GMV Minerals Inc. Resumes Drilling at Mexican Hat
TSX VENTURE: GMV
Vancouver, British Columbia--(Newsfile Corp. - April 16, 2019) - GMV Minerals Inc. (TSXV: GMV) (the "Company" or "GMV") is pleased to announce that it has commenced a minimum 2,500 m drill program in eight holes to test extensions of the known gold mineralization at its 100% controlled Mexican Hat gold deposit in SE Arizona.
These mineralized extensions are both within the existing pit model that was used for the Company's Preliminary Assessment (see NR December 19, 2018) where it is anticipated that some of what is currently undrilled and therefor considered waste can be converted into mineralized material, as well as adjacent to the pit model where the known mineralization is open for expansion.
Additional surficial geochemical sampling will extend the existing grid into areas where established geochemical and geophysical anomalies can be better defined.
Dr. D.R. Webb, Ph.D., P.Geo., P.Eng. is the Q.P. for this release within the meaning of NI 43-101 and has reviewed the technical content of this release and has approved its content.
About GMV Minerals Inc.
GMV Minerals Inc. is a publicly traded exploration company focused on developing precious metal assets in Arizona. GMV, through its 100% owned subsidiary, has a 100% interest in a Mining Property Lease commonly referred to as the Mexican Hat project, located in Cochise County, Arizona, USA. The project was initially explored by Placer Dome (USA) in the late 1980's to early 1990's. GMV is focused on developing the asset and realizing the full mineral potential of the property through near term gold production. The Company recently updated its inferred mineral resource to 32,876,000 tonnes grading 0.616 g/t gold at a 0.2 g/t cut-off, containing 651,000 ounces of gold.
ON BEHALF OF THE BOARD OF DIRECTORS
Ian Klassen, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information please contact:
GMV Minerals Inc.
Tel: (604) 899-0106
This news release may contain forward-looking statements based on assumptions and judgments of management of the Company regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements except as may be required by law.